RAI Retail Business Survey Highlights Moderate Growth in Indian Retail Sector

The Retailers Association of India (RAI) announced a 6% increase in retail sales for March 2025 compared to the same period in 2024, as per the findings from its 60th Retail Business Survey. The growth underscores a stable domestic demand, even as global trade conditions remain volatile.

Kumar Rajagopalan, CEO of RAI, said:
"Retail businesses in India reflects growth. However, double digit growth is still eluding the sector. Customers are spending cautiously but are willing to spend on aspirational and innovative products. Discretionary spending keeps shifting from one category to another and hence no category has been witnessing steady growth month on month."

Regionally, North and West India each reported the highest year-on-year sales growth at 8%, followed by East and South India with a 5% increase. In terms of retail categories, food and grocery topped the list with an 11% growth, while quick service restaurants (QSR) witnessed a 9% rise in sales.

The survey reflects a sentiment of cautious optimism among retailers, with no major declines observed in consumer spending. Although concerns over global trade tensions persist, domestic consumption trends suggest resilience and sustained purchasing activity.

About RAI:
The Retailers Association of India (RAI) acts as the collective voice for the Indian retail industry. It collaborates closely with stakeholders and policymakers to drive employment opportunities, boost retail investments, broaden consumer choices, and enhance the sector’s competitiveness nationwide.